China's real estate investment declined in April, home sales, land purchases and housing prices set new lows

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China’s real estate development investment declined on year in the first four months of the year and home sales, land purchases and housing prices continued to set new lows in April, indicating the country's easing housing policies yet to yield a material boost for the struggling property market.

Real estate investment reached 3.9 trillion yuan in period of January - April, falling 2.7% from a year earlier, with residential property investment down . . .

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